Via, a New York-based TransitTech company, raised $110M in funding.
The round, which valued the company at $3.5B, was led by 83North, with participation from new and existing investors including Exor N.V., Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures, and ION Crossover Partners.
The company intends to use the funds to accelerate expansion into new markets and verticals, and to continue to invest in product innovation.
Founded in 2012 by CEO Daniel Ramot, Via is a TransitTech company which leverages technologies to develop public mobility systems — optimizing networks of buses, shuttles, wheelchair accessible vehicles, school buses, autonomous vehicles, and electric vehicles around the globe. The company’s technology enables customers to plan transit networks that are responsive and resilient to rapidly changing needs, to operate smart multi-modal transportation systems, and to use data to optimize performance — all in one software platform. Building a transportation network for all riders — including those with limited mobility, those without smartphones, and unbanked populations — the company works with its partners to lower the costs of public transit while providing transportation options with the convenience of a personal car while reducing the environmental impact.
TVia’s TransitTech products are used by more than 600 communities around the globe to expand access to efficient, equitable, and sustainable public transportation. The company ended 2022 ahead of plan, with annualized revenue run-rate surpassing $200M, more than doubling since the previous financing round.
FinSMEs
13/02/2023